Fuerteventura Information

Fuerteventura is the second largest of the Canary Islands but one of the least densely populated, though having said that, it is now according to recent statistics becoming one of the most popular areas to buy property throughout Spain. In addition tourism is on the increase especially from national quarters.

Fuerteventura is an island of natural beauty and tranquility, it boasts an impressive coastline with arguably some of the best beaches in Europe, perhaps even in the world! Inland there are stunning villages with clusters of white Canarian style houses dotted around the hillsides.

Fuerteventura´s year round climate is ideal for those looking to escape the cold winters in the UK, Ireland and Northern Europe making it an increasingly popular destination for relocation, retirement or holiday home. For those buying for rental investment its climate is ideal as it can provide an all year round rental income, unlike mainland Spain or other European destinations that are seasonal.

So you are interested in buying, but what do you want to get out of the property?

Everyone has different criteria when purchasing a property abroad and we at Trade Wind Properties will listen carefully to your requirements to ensure that we only advise you on properties that are relevant to your needs and budget.

Permanent Residence

More and more people, both young and old, are relocating and moving to Fuerteventura. There are properties available to accommodate all budgets but just as important is the area in where you want to live. You will need to take into account the type of property you need and its location in relation to amenities such as hospitals and schools if you have a family.

Buying Off-Plan

For those looking to make an investment this can be an effective way of making money using a relatively small capital outlay. Most developers seek a maximum of 30% often in stage payments to be committed during the time of construction which is usually between 18 – 24 months. Subject to the contract, you can sell the property for a tax-free profit before you take title. Whilst we at Trade Wind properties do not guarantee that your property can be sold before you take title, we do recommend that you have the financial means to complete should this be necessary.

Holiday Homes

More and more people are moving away from the tour operator packages and are either renting privately or are buying their own holiday home, perhaps to spend the winter months here. Trade Wind Properties are happy to offer properties of all types and budgets and will be happy to assist you in finding that dream home in the sun!

Short Term Rental Investment

Many people now avoid the tour operator packages that often offer sub-standard accommodation or are poorly located. Buying a property to rent out is now very commonplace, as the rental income will not cover the mortgage payments, therefore making it a great means for the property to pay for itself. When looking at potential properties we suggest you bear in mind that the location is very important. Your prospective clients will no doubt wish to be close to restaurants, bars, beaches and general amenities as a whole. When looking for such a property, we suggest you ask the question would you be happy to holiday in the property yourself. In addition you need to remember the reason you are buying and remove all emotional attachment from the apartment three miles out of town that you love but that will not make a great return for you financially.

Short terms rentals can bring in a good return, however, please note no agent can guarantee you all year round occupancy. Good marketing of your property for rent will help you in obtaining a good occupancy rate!

Guarantee Rental Option Schemes

Some properties come with a guaranteed rental contract. The contract will dictate the amount paid to you each month and the times in which you can use the property yourself. Most contracts run for a period of three years and may be renewed thereafter.

The rental income is paid to you whether the property is let or not, the downside of such an agreement is that it restricts your own personal use.

Long Term Rental

Another means for a property to pay for itself, Long Term rentals ensure you have an income each month usually for a period in excess of 6 months once you have found a tenant.

The rental returns are not as good as short-term rental but of course you have the guarantee of longer-term rental returns.